EnLink Midstream Partners (ENLK) Cut to Hold at US Capital Advisors

US Capital Advisors cut shares of EnLink Midstream Partners (NYSE:ENLK) from an overweight rating to a hold rating in a report released on Friday. US Capital Advisors also issued estimates for EnLink Midstream Partners’ FY2019 earnings at $0.12 EPS and FY2020 earnings at $0.28 EPS.

Other equities analysts have also issued reports about the stock. Bank of America upped their target price on shares of EnLink Midstream Partners from $18.00 to $20.00 and gave the stock a buy rating in a research note on Thursday, February 8th. Credit Suisse Group started coverage on shares of EnLink Midstream Partners in a research note on Friday, January 5th. They issued a neutral rating and a $16.00 target price for the company. Zacks Investment Research lowered shares of EnLink Midstream Partners from a hold rating to a sell rating in a research note on Tuesday, February 20th. UBS reaffirmed a buy rating and issued a $18.00 target price (down from $20.00) on shares of EnLink Midstream Partners in a research note on Friday, March 2nd. Finally, ValuEngine lowered shares of EnLink Midstream Partners from a sell rating to a strong sell rating in a research note on Tuesday, April 3rd. Three research analysts have rated the stock with a sell rating, nine have given a hold rating and five have issued a buy rating to the stock. EnLink Midstream Partners has an average rating of Hold and an average price target of $17.33.

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ENLK opened at $13.14 on Friday. The company has a debt-to-equity ratio of 0.98, a current ratio of 0.77 and a quick ratio of 0.74. EnLink Midstream Partners has a 12 month low of $12.75 and a 12 month high of $18.97. The firm has a market capitalization of $4,599.30, a P/E ratio of 438.00 and a beta of 2.13.

EnLink Midstream Partners (NYSE:ENLK) last released its quarterly earnings data on Tuesday, February 20th. The oil and gas producer reported $0.05 EPS for the quarter, missing the Zacks’ consensus estimate of $0.06 by ($0.01). EnLink Midstream Partners had a net margin of 2.51% and a return on equity of 3.43%. The firm had revenue of $1.76 billion during the quarter, compared to the consensus estimate of $1.46 billion. sell-side analysts forecast that EnLink Midstream Partners will post 0.28 earnings per share for the current fiscal year.

Several institutional investors have recently bought and sold shares of the company. Northern Trust Corp boosted its stake in shares of EnLink Midstream Partners by 2.3% during the 2nd quarter. Northern Trust Corp now owns 14,386 shares of the oil and gas producer’s stock worth $244,000 after buying an additional 326 shares during the last quarter. The Manufacturers Life Insurance Company boosted its stake in shares of EnLink Midstream Partners by 7.9% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 11,147 shares of the oil and gas producer’s stock worth $189,000 after buying an additional 816 shares during the last quarter. First Capital Advisors Group LLC. boosted its stake in shares of EnLink Midstream Partners by 25.7% during the 4th quarter. First Capital Advisors Group LLC. now owns 15,159 shares of the oil and gas producer’s stock worth $233,000 after buying an additional 3,104 shares during the last quarter. Oppenheimer Asset Management Inc. boosted its stake in shares of EnLink Midstream Partners by 10.5% during the 3rd quarter. Oppenheimer Asset Management Inc. now owns 37,189 shares of the oil and gas producer’s stock worth $623,000 after buying an additional 3,519 shares during the last quarter. Finally, Oppenheimer & Co. Inc. boosted its stake in shares of EnLink Midstream Partners by 1.2% during the 4th quarter. Oppenheimer & Co. Inc. now owns 317,645 shares of the oil and gas producer’s stock worth $4,882,000 after buying an additional 3,872 shares during the last quarter. Institutional investors own 41.18% of the company’s stock.

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About EnLink Midstream Partners

EnLink Midstream Partners LP provides integrated midstream services across natural gas, crude oil, condensate, and NGL commodities. It focuses on gathering, transmission, processing, fractionation, storage, condensate stabilization, brine services and marketing, to producers of natural gas, NGLs, crude oil and condensate.

Analyst Recommendations for EnLink Midstream Partners (NYSE:ENLK)

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